Mushroom And Truffle Market Overview in the USA

The U.S. mushroom and truffle market stood at $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of % against the previous year. Mushroom and truffle consumption peaked in 2019 and is likely to continue growth in years to come.

In value terms, mushroom and truffle production stood at $ in 2019. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the production volume increased by % y-o-y. Over the period under review, production hit record highs at $ in 2017; afterwards, it flattened through to 2019.

The average yield of mushrooms and truffles in the U.S. stood at kg per ha in 2019, remaining relatively unchanged against 2018. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. ha of mushrooms and truffles were harvested in the U.S.; approximately mirroring the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Mushroom and truffle consumption in the U.S. reached tonnes in 2019, surging by % against the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of % year-to-year. Over the period under review, consumption reached the maximum volume in 2019 and is expected to retain growth in the immediate term.

The value of the mushroom and truffle market in the U.S. totaled $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 with an increase of % y-o-y. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in the immediate term.

Driven by increasing demand for mushroom and truffle in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .

In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.

The U.S. remains a net importer of mushroom and truffle; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.